As complexities in the financial markets continue to increase, so too does the challenge of understanding and mitigating operational risks that can negatively affect the business. Many firms still struggle with risk identification and how data can be leveraged across the enterprise to prevent operational risk losses and gain operational efficiencies.
During this webinar, Perficient’s industry experts discussed the evolving role and challenges of operational risk management (ORM) in financial services, tips for a comprehensive approach to identify, assess and mitigate risks, and strategies to gain value from operational risk data to support the business.
99+ Siebel CTMS Best Practices You Should FollowPerficient, Inc.
Companies that use Oracle’s Siebel Clinical Trial Management System (CTMS) should follow a set of best practices to enable users and administrators to operate efficiently. Best practices maximize the system’s functionality, maintain consistent business processes, and ensure clean records. In short, they save you time and money.
Perficient’s Param Singh, director of clinical trial management solutions, examined a variety of best practices that life sciences organizations should consider once they have implemented Siebel CTMS:
-SOPs, Work Practices and Administrative Functions
-Data Entry and Templates
-Protocols and Sites
-Reports and Queries
-Tips and Tricks
Transform Unstructured Data Into Relevant Data with IBM StoredIQPerficient, Inc.
Recent studies indicate more than 90% of the world's data was created in the last 2 years, and organizational data is rising 20-50% year-over-year. As the amount of structured and unstructured data dramatically expands, the expense of maintaining data stores is outpacing the reduction in storage costs.
To help your organization address the issues associated with growing data capacity requirements, IBM offers StoredIQ, a leading unstructured data management and intelligent eDiscovery solution.
Learn about:
Data governance challenges
Information lifecycle governance implementation options
The benefits of early action when uncovering redundant, obsolete and trivial (ROT) content
Typical industry use cases
You'll also learn how to most effectively deploy IBM StoredIQ to be able to:
Analyze data sources in-place
Identify ROT content
Uncover personally identifiable information and sensitive data
Limit your compliance risks and reduce storage costs
Population Health Colloquium 2015: Mini Summit IV: Who is Your Champion of Cl...Perficient, Inc.
Oracle and Perficient presented at the 2015 Population Health Colloquium.
In this presentation thought leaders explored four types of change (Evolutionary, Disruptive, Imposed and Deliberate) and how all are needed in Healthcare. The discussion covered challenges and goals of integrating analytics (including retrospective data) into the clinician workflow within the EMR and how the Chief Informatics Officer is the best organizational role to champion analytics.
Engage Patients, Reduce Manual Processes and Drive Key Insights with Interope...Perficient, Inc.
Information is the cornerstone of healthcare organizations, and those that can transform data into key insights have a competitive advantage. Yet, information that is stored in separate, disconnected silos makes it challenging to strategically generate business intelligence, leaving business leaders to make decisions on intuition rather than hard data.
Communication between systems is paramount, and despite industry standards such as EDI/X12, HL7, and CDA, information delivery is not effective. Interoperability is a key component to effective communication because it provides the right information at the right time to the right people, engages patients and reduces manual interactions. Perficient looks at system integration challenges from business architectural perspectives and applies technology to address them.
In this webinar, we demonstrated:
The importance of data and business processes to leverage information
The importance of governance throughout the enterprise and program lifecycle
Real world use cases where IBM technology solved complex integration problems
Perficient’s multi-tiered approach to help guide successful business outcomes
Healthcare Enterprise Data Model: The Buy vs. Build DebatePerficient, Inc.
Every mid-to-large-sized healthcare organization will at some point need an enterprise data warehouse to consolidate data from its many source systems. The first question most will ask is, “Do I build it from scratch or buy a model?”
For some organizations, the answer to this question is simple and obvious. For others, it may be the source of internal debate on whether someone else can create a model that will address their nuances. Some will argue that a pre-built model will save time and money and should be explored as an option, while others may curb discussions due to the belief that their electronic medical records vendor already has it figured out.
In this webinar, we explored the pros and cons of building your own data model vs. buying one and looked at real customer use cases to help weigh the pros and cons of this critical enterprise decision. Topics included:
-How experience plays into the equation
-Which solution delivers value more quickly
-Which solution helps reduce the risk to the organization
-How easy is it to integrate other solutions
-How the decision to build vs. buy can impact your internal team
Many key performance indicators on healthcare dashboards fail to drive real results or are missing key organizational improvement indicators. Microsoft SQL Server 2012 and SharePoint 2013 provide the perfect combination for creating compelling dashboards and scorecards, especially for healthcare organizations working to lower costs, improve productivity and meet regulatory reporting demands.
In this slideshare, we look at the business side of key performance indicators:
How to convert your critical success factors and annual strategic plan into meaningful dashboards for real change in your organization
How your KPIs have the potential to make a significant, positive impact on the business
Drive Compliance and Profit with Oracle Healthcare AnalyticsPerficient, Inc.
Learn how Oracle's Enterprise Health Analytics (EHA), coupled with Oracle Business Intelligence, speeds the delivery of clinical event reporting by leveraging data integrations to Cerner and the EHA Healthcare Data model.
How EHA integrates EMR and other operational data to provide actionable information with integrity and precision to ready you for the ACO market
How EHA integrates clinical, financial, administrative and research data to speed the time from data input to robust retrospective and predictive analytics
Examples of how Oracle EHA can unlock your EMR data for hospital-acquired conditions and prevention, ad-hoc and standard reporting and other valuable metadata
Data warehouse solutions including strategic roadmaps for Meaningful Use, Population Health Management and Accountable Care
Implementing Digital Signatures in an FDA-Regulated EnvironmentPerficient, Inc.
Perficient’s life sciences practice once had a manual, time-consuming and expensive process for signing and collecting validation documents. From handwritten signatures to scanning and shipping documents all over the globe, it was only a matter of time before we made the move to 21 CFR Part 11-compliant digital signatures.
Michelle Engler, an expert in the development of clinical applications, discussed our experience implementing a digital signature solution and how your organization can benefit from one too.
During the presentation, we will covered:
-Cost-benefit analysis
-Solution selection and implementation
-21 CFR Part 11 system validation
-Lessons learned
99+ Siebel CTMS Best Practices You Should FollowPerficient, Inc.
Companies that use Oracle’s Siebel Clinical Trial Management System (CTMS) should follow a set of best practices to enable users and administrators to operate efficiently. Best practices maximize the system’s functionality, maintain consistent business processes, and ensure clean records. In short, they save you time and money.
Perficient’s Param Singh, director of clinical trial management solutions, examined a variety of best practices that life sciences organizations should consider once they have implemented Siebel CTMS:
-SOPs, Work Practices and Administrative Functions
-Data Entry and Templates
-Protocols and Sites
-Reports and Queries
-Tips and Tricks
Transform Unstructured Data Into Relevant Data with IBM StoredIQPerficient, Inc.
Recent studies indicate more than 90% of the world's data was created in the last 2 years, and organizational data is rising 20-50% year-over-year. As the amount of structured and unstructured data dramatically expands, the expense of maintaining data stores is outpacing the reduction in storage costs.
To help your organization address the issues associated with growing data capacity requirements, IBM offers StoredIQ, a leading unstructured data management and intelligent eDiscovery solution.
Learn about:
Data governance challenges
Information lifecycle governance implementation options
The benefits of early action when uncovering redundant, obsolete and trivial (ROT) content
Typical industry use cases
You'll also learn how to most effectively deploy IBM StoredIQ to be able to:
Analyze data sources in-place
Identify ROT content
Uncover personally identifiable information and sensitive data
Limit your compliance risks and reduce storage costs
Population Health Colloquium 2015: Mini Summit IV: Who is Your Champion of Cl...Perficient, Inc.
Oracle and Perficient presented at the 2015 Population Health Colloquium.
In this presentation thought leaders explored four types of change (Evolutionary, Disruptive, Imposed and Deliberate) and how all are needed in Healthcare. The discussion covered challenges and goals of integrating analytics (including retrospective data) into the clinician workflow within the EMR and how the Chief Informatics Officer is the best organizational role to champion analytics.
Engage Patients, Reduce Manual Processes and Drive Key Insights with Interope...Perficient, Inc.
Information is the cornerstone of healthcare organizations, and those that can transform data into key insights have a competitive advantage. Yet, information that is stored in separate, disconnected silos makes it challenging to strategically generate business intelligence, leaving business leaders to make decisions on intuition rather than hard data.
Communication between systems is paramount, and despite industry standards such as EDI/X12, HL7, and CDA, information delivery is not effective. Interoperability is a key component to effective communication because it provides the right information at the right time to the right people, engages patients and reduces manual interactions. Perficient looks at system integration challenges from business architectural perspectives and applies technology to address them.
In this webinar, we demonstrated:
The importance of data and business processes to leverage information
The importance of governance throughout the enterprise and program lifecycle
Real world use cases where IBM technology solved complex integration problems
Perficient’s multi-tiered approach to help guide successful business outcomes
Healthcare Enterprise Data Model: The Buy vs. Build DebatePerficient, Inc.
Every mid-to-large-sized healthcare organization will at some point need an enterprise data warehouse to consolidate data from its many source systems. The first question most will ask is, “Do I build it from scratch or buy a model?”
For some organizations, the answer to this question is simple and obvious. For others, it may be the source of internal debate on whether someone else can create a model that will address their nuances. Some will argue that a pre-built model will save time and money and should be explored as an option, while others may curb discussions due to the belief that their electronic medical records vendor already has it figured out.
In this webinar, we explored the pros and cons of building your own data model vs. buying one and looked at real customer use cases to help weigh the pros and cons of this critical enterprise decision. Topics included:
-How experience plays into the equation
-Which solution delivers value more quickly
-Which solution helps reduce the risk to the organization
-How easy is it to integrate other solutions
-How the decision to build vs. buy can impact your internal team
Many key performance indicators on healthcare dashboards fail to drive real results or are missing key organizational improvement indicators. Microsoft SQL Server 2012 and SharePoint 2013 provide the perfect combination for creating compelling dashboards and scorecards, especially for healthcare organizations working to lower costs, improve productivity and meet regulatory reporting demands.
In this slideshare, we look at the business side of key performance indicators:
How to convert your critical success factors and annual strategic plan into meaningful dashboards for real change in your organization
How your KPIs have the potential to make a significant, positive impact on the business
Drive Compliance and Profit with Oracle Healthcare AnalyticsPerficient, Inc.
Learn how Oracle's Enterprise Health Analytics (EHA), coupled with Oracle Business Intelligence, speeds the delivery of clinical event reporting by leveraging data integrations to Cerner and the EHA Healthcare Data model.
How EHA integrates EMR and other operational data to provide actionable information with integrity and precision to ready you for the ACO market
How EHA integrates clinical, financial, administrative and research data to speed the time from data input to robust retrospective and predictive analytics
Examples of how Oracle EHA can unlock your EMR data for hospital-acquired conditions and prevention, ad-hoc and standard reporting and other valuable metadata
Data warehouse solutions including strategic roadmaps for Meaningful Use, Population Health Management and Accountable Care
Implementing Digital Signatures in an FDA-Regulated EnvironmentPerficient, Inc.
Perficient’s life sciences practice once had a manual, time-consuming and expensive process for signing and collecting validation documents. From handwritten signatures to scanning and shipping documents all over the globe, it was only a matter of time before we made the move to 21 CFR Part 11-compliant digital signatures.
Michelle Engler, an expert in the development of clinical applications, discussed our experience implementing a digital signature solution and how your organization can benefit from one too.
During the presentation, we will covered:
-Cost-benefit analysis
-Solution selection and implementation
-21 CFR Part 11 system validation
-Lessons learned
Whether you've already implemented a clinical trial management system (CTMS) or are in the process of evaluating one, there are several commonly-requested system enhancements that can help streamline your team's operations.
Perficient’s Param Singh, director of clinical trial management solutions, discussed the top 5 CTMS enhancements requested by clients:
-Advanced investigational product tracking
-Electronic signatures on trip reports
-Protocol progress reports
-Protocol expenses
-Site selection
The webinar included a live demonstration of several enhancements.
HIPAA Compliance and its Relationship to PharmacovigilancePerficient, Inc.
Most of us have heard of the United States Health Insurance Portability and Accountability Act (HIPAA) and how it protects the privacy of our health information and gives us access to it. While discussions around HIPAA arise more frequently among healthcare institutions such as hospitals, HIPAA also plays an integral role in the life sciences industry.
Perficient's Christi Cordeiro, safety and pharmacovigilance project manager, provided an overview of U.S. HIPAA rules and discuss their application to pharmacovigilance programs.
Using JReview to Analyze Clinical and Pharmacovigilance Data in Disparate Sys...Perficient, Inc.
Sponsors and CROs naturally rely on various clinical and safety systems from a multitude of software vendors. However, continuously accessing disparate sources for the reporting, analysis, and monitoring of data can be a treacherous undertaking, if you don't have a solution that connects to them right out of the box.
That's where JReview comes in. For almost two decades, life sciences companies, research organizations, in addition to the government, have relied on JReview for the comprehensive analysis and monitoring of clinical and pharmacovigilance data.
The analytics solution works with many Oracle Health Sciences applications, including Argus Safety, Oracle AERS, Oracle Clinical (OC), Remote Data Capture (RDC), Thesaurus Management System (TMS), InForm, Life Sciences Data Hub (LSH), and Clinical Development Center (CDC). JReview also works with non-Oracle solutions, such as ARISg, Medidata Rave, and SAS Drug Development.
In this slideshare, you will learn:
The features and benefits of JReview, including the new functionality in v10.0 (e.g., risk-based monitoring analytics reporting on the clinical data itself, etc.)
Benefits of using JReview for:
Reporting and query of your clinical data
Supplying internal and/or external users/sponsors information
Providing a secure way for your internal users and/or sponsor users to access the clinical data
Examples of how customers use JReview with OC/RDC
The implementation process and options
Enterprise Capacity Optimization - Capacity Management Over EverythingTeamQuest Corporation
Traditional performance analysis and capacity planning encompassed deep-dive, technology domain-specific metrics, tools and skillsets; limiting feasibility to only the largest, most critical enterprise resources. Optimizing today’s complex and dynamic environments with almost all resources dynamic and virtualized or cloud-based - requires a new process. Discover a flexible, automated and business service-aligned process. View real-world examples of businesses optimizing enterprise capacity by marrying existing technology, business, service, asset, financial, power and other metrics. This presentation was delivered at the Gartner IT Infrastructure & Operations Management Summit.
How to Load Data More Quickly and Accurately into Oracle's Life Sciences Data...Perficient, Inc.
Sponsors and CROs know the value of having a consolidated and regulatory-compliant data warehouse, such as Oracle’s Life Sciences Data Hub (LSH), as well as the importance of consistently loading data into that warehouse quickly and accurately.
However, as data structures from the source files change over time, it can be very time consuming to modify the data structure in the warehouse itself. Additionally, for the large groups of SAS datasets that are typical for a clinical trial, the out-of-the-box load times can be quite long, as the data is loaded one set at a time.
Perficient has the answer. In this webinar, we discussed and demonstrated an autoloader tool that greatly simplifies the data loading process for LSH. We showed how the autoloader can automatically load files, detect metadata changes, upgrade target structures, and load data, all with no human intervention. In addition, we demonstrated how Perficient’s autoloader tool can load multiple datasets in parallel to minimize load times.
ACO = HIE + Analytics - a Healthcare IT PresentationPerficient, Inc.
With the release of the Accountable Care Organization (ACO) regulations, healthcare providers must be able to identify, access, and seamlessly share patient information to drive efficiencies and enjoy a potential share in ACO program incentives. Additionally, more than half of the 93 draft National Committee for Quality Assurance (NCQA) ACO measures are also Meaningful Use measures, which further elevates the need to achieve meaningful use stage 2 or higher.
Given these goals, success will ultimately depend on an organization’s ability to share patient data at the point of care and its ability to gain meaning from historical and longitudinal data for use in managing population health. Healthcare organizations will need to give focused attention to the IT strategies, appropriate architectures, and roadmaps they will use to move from desired state to reality.
We discuss the practical architectural approach for creating an ACO. As Health Information Exchanges (HIEs) evolve into their second generation, they are able to the support the functional ACO tasks of delivering and managing care for a defined population, accept payment, distribute savings to participants, and perform disease management with predictive modeling to improve outcomes. We will also discuss the need to achieve meaningful use stage 2 or higher and the data/analytics requirements for ACO participants.
Presenter Martin Sizemore is the Director of Healthcare Strategy for Perficient. Martin has been a consultant and trusted advisor to CEOs, COOs, CIOs and senior managers for global multi-national companies and healthcare organizations, and is a certified Enterprise Architect with specialized skills in Enterprise Application Integration (EAI) and Service Oriented Architecture (SOA).
Fortify Your Enterprise with IBM Smarter Counter-Fraud SolutionsPerficient, Inc.
Organizations lose an estimated five percent of annual revenues to fraud, totaling nearly $1 trillion in the U.S. alone. Cyber criminals are more organized and better equipped than ever, and continue to evolve their strategies in order to undermine even the strongest protections.
We continue to hear about major security breaches across all industries, but what is being done to fix the problem? There must be a tight interlock between risk, security, fraud and financial crimes management. Current solutions are proving inadequate as point solutions and a corporate silo mentality directly contribute to the risk of fraudulent activities going undetected.
Our webinar covered:
-How IBM’s Smarter Counter Fraud initiative can help public and private organizations prevent, identify and investigate fraudulent activities
-Real-world use cases including how one financial institution stopped $1M in fraud in the first week after implementing a counter-fraud solution
-Perficient’s multi-tiered approach to help guide successful business outcomes
It’s time to stop the bad guys with IBM Smarter Counter Fraud and Perficient – learn how now!
Learn how companies across industry verticals are leveraging ECLM to improve the creation, administration and assessment of contracts.
Our industry and ECLM solution experts cover the keys to addressing critical contracting issues such as:
Minimizing potential legal/resource bottlenecks
Increasing contract visibility of upcoming payment milestones for finance
Minimizing change controls and amendments by incorporating typical scope revisions into standard templates
We look at real customer implementation stories and hold an interactive Q&A to show how your organization can achieve a considerable ROI on an ECLM solution.
The Data Management challenges each organization faces are unique in their priority and severity. Therefore the structure and composition of a Data Organization is one of the major success factors for establishing a successful and sustainable data program. In this presentation, we will review the developmental stages of a data organization, the models and the choices for establishing the right structure to the organization in addition to the process for selecting the team members that will produce high-performance business results.
Unlocking Success in the 3 Stages of Master Data ManagementPerficient, Inc.
Master data management (MDM) comprises the processes, governance, policies, standards and tools that define and manage critical data. MDM is used to conduct strategic initiatives such as customer 360, product excellence and operational efficiency.
The quality of enterprise Information depends on the master data, so getting it right should be a high priority. This webinar will highlight key factors needed for success in each of the three stages of the MDM journey:
Planning
Implementation
Steady state
We review each stage in detail and provide insight into planning and collaborative activities. In this slideshare you will learn:
Best practices, tips and techniques for a successful MDM program
Top considerations for business case building, architecture and going live
How to support the overall program after launching your MDM program
Operational Risk Management Data Validation ArchitectureAlan McSweeney
This describes a structured approach to validating data used to construct and use an operational risk model. It details an integrated approach to operational risk data involving three components:
1. Using the Open Group FAIR (Factor Analysis of Information Risk) risk taxonomy to create a risk data model that reflects the required data needed to assess operational risk
2. Using the DMBOK model to define a risk data capability framework to assess the quality and accuracy of risk data
3. Applying standard fault analysis approaches - Fault Tree Analysis (FTA) and Failure Mode and Effect Analysis (FMEA) - to the risk data capability framework to understand the possible causes of risk data failures within the risk model definition, operation and use
“The organizing logic for business processes and IT infrastructure reflecting the integration and standardization requirements of the firm’s operating model.” [1]
“A conceptual blueprint that defines the structure and operation of an organization. The intent of an enterprise architecture is to determine how an organization can most effectively achieve its current and future objectives.”[2]
Superb high level presentation of the capabilities of the IBM software portfolio. From information, collaboration, integration, optimisation to security, compliance and innovation.
Akili offers an end to end approach to oil and gas upstream data management which includes: data strategy, governance, sustainability, Master Well Data Structure, system integration, system synchronization and data harmony.
Akili leverages best practices from PPDM (Professional Petroleum Data Management Group and applies our experiences leveraging the PPDM models with other companies.
Meaningful Use and Security Risk AnalysisEvan Francen
Presentation delivered by FRSecure president, Evan Francen to the 100+ Iowa CPSI User Group attendees on October 18th, 2011.
Meaningful Use Core Requirement "Security Risk Analysis"
Whether you've already implemented a clinical trial management system (CTMS) or are in the process of evaluating one, there are several commonly-requested system enhancements that can help streamline your team's operations.
Perficient’s Param Singh, director of clinical trial management solutions, discussed the top 5 CTMS enhancements requested by clients:
-Advanced investigational product tracking
-Electronic signatures on trip reports
-Protocol progress reports
-Protocol expenses
-Site selection
The webinar included a live demonstration of several enhancements.
HIPAA Compliance and its Relationship to PharmacovigilancePerficient, Inc.
Most of us have heard of the United States Health Insurance Portability and Accountability Act (HIPAA) and how it protects the privacy of our health information and gives us access to it. While discussions around HIPAA arise more frequently among healthcare institutions such as hospitals, HIPAA also plays an integral role in the life sciences industry.
Perficient's Christi Cordeiro, safety and pharmacovigilance project manager, provided an overview of U.S. HIPAA rules and discuss their application to pharmacovigilance programs.
Using JReview to Analyze Clinical and Pharmacovigilance Data in Disparate Sys...Perficient, Inc.
Sponsors and CROs naturally rely on various clinical and safety systems from a multitude of software vendors. However, continuously accessing disparate sources for the reporting, analysis, and monitoring of data can be a treacherous undertaking, if you don't have a solution that connects to them right out of the box.
That's where JReview comes in. For almost two decades, life sciences companies, research organizations, in addition to the government, have relied on JReview for the comprehensive analysis and monitoring of clinical and pharmacovigilance data.
The analytics solution works with many Oracle Health Sciences applications, including Argus Safety, Oracle AERS, Oracle Clinical (OC), Remote Data Capture (RDC), Thesaurus Management System (TMS), InForm, Life Sciences Data Hub (LSH), and Clinical Development Center (CDC). JReview also works with non-Oracle solutions, such as ARISg, Medidata Rave, and SAS Drug Development.
In this slideshare, you will learn:
The features and benefits of JReview, including the new functionality in v10.0 (e.g., risk-based monitoring analytics reporting on the clinical data itself, etc.)
Benefits of using JReview for:
Reporting and query of your clinical data
Supplying internal and/or external users/sponsors information
Providing a secure way for your internal users and/or sponsor users to access the clinical data
Examples of how customers use JReview with OC/RDC
The implementation process and options
Enterprise Capacity Optimization - Capacity Management Over EverythingTeamQuest Corporation
Traditional performance analysis and capacity planning encompassed deep-dive, technology domain-specific metrics, tools and skillsets; limiting feasibility to only the largest, most critical enterprise resources. Optimizing today’s complex and dynamic environments with almost all resources dynamic and virtualized or cloud-based - requires a new process. Discover a flexible, automated and business service-aligned process. View real-world examples of businesses optimizing enterprise capacity by marrying existing technology, business, service, asset, financial, power and other metrics. This presentation was delivered at the Gartner IT Infrastructure & Operations Management Summit.
How to Load Data More Quickly and Accurately into Oracle's Life Sciences Data...Perficient, Inc.
Sponsors and CROs know the value of having a consolidated and regulatory-compliant data warehouse, such as Oracle’s Life Sciences Data Hub (LSH), as well as the importance of consistently loading data into that warehouse quickly and accurately.
However, as data structures from the source files change over time, it can be very time consuming to modify the data structure in the warehouse itself. Additionally, for the large groups of SAS datasets that are typical for a clinical trial, the out-of-the-box load times can be quite long, as the data is loaded one set at a time.
Perficient has the answer. In this webinar, we discussed and demonstrated an autoloader tool that greatly simplifies the data loading process for LSH. We showed how the autoloader can automatically load files, detect metadata changes, upgrade target structures, and load data, all with no human intervention. In addition, we demonstrated how Perficient’s autoloader tool can load multiple datasets in parallel to minimize load times.
ACO = HIE + Analytics - a Healthcare IT PresentationPerficient, Inc.
With the release of the Accountable Care Organization (ACO) regulations, healthcare providers must be able to identify, access, and seamlessly share patient information to drive efficiencies and enjoy a potential share in ACO program incentives. Additionally, more than half of the 93 draft National Committee for Quality Assurance (NCQA) ACO measures are also Meaningful Use measures, which further elevates the need to achieve meaningful use stage 2 or higher.
Given these goals, success will ultimately depend on an organization’s ability to share patient data at the point of care and its ability to gain meaning from historical and longitudinal data for use in managing population health. Healthcare organizations will need to give focused attention to the IT strategies, appropriate architectures, and roadmaps they will use to move from desired state to reality.
We discuss the practical architectural approach for creating an ACO. As Health Information Exchanges (HIEs) evolve into their second generation, they are able to the support the functional ACO tasks of delivering and managing care for a defined population, accept payment, distribute savings to participants, and perform disease management with predictive modeling to improve outcomes. We will also discuss the need to achieve meaningful use stage 2 or higher and the data/analytics requirements for ACO participants.
Presenter Martin Sizemore is the Director of Healthcare Strategy for Perficient. Martin has been a consultant and trusted advisor to CEOs, COOs, CIOs and senior managers for global multi-national companies and healthcare organizations, and is a certified Enterprise Architect with specialized skills in Enterprise Application Integration (EAI) and Service Oriented Architecture (SOA).
Fortify Your Enterprise with IBM Smarter Counter-Fraud SolutionsPerficient, Inc.
Organizations lose an estimated five percent of annual revenues to fraud, totaling nearly $1 trillion in the U.S. alone. Cyber criminals are more organized and better equipped than ever, and continue to evolve their strategies in order to undermine even the strongest protections.
We continue to hear about major security breaches across all industries, but what is being done to fix the problem? There must be a tight interlock between risk, security, fraud and financial crimes management. Current solutions are proving inadequate as point solutions and a corporate silo mentality directly contribute to the risk of fraudulent activities going undetected.
Our webinar covered:
-How IBM’s Smarter Counter Fraud initiative can help public and private organizations prevent, identify and investigate fraudulent activities
-Real-world use cases including how one financial institution stopped $1M in fraud in the first week after implementing a counter-fraud solution
-Perficient’s multi-tiered approach to help guide successful business outcomes
It’s time to stop the bad guys with IBM Smarter Counter Fraud and Perficient – learn how now!
Learn how companies across industry verticals are leveraging ECLM to improve the creation, administration and assessment of contracts.
Our industry and ECLM solution experts cover the keys to addressing critical contracting issues such as:
Minimizing potential legal/resource bottlenecks
Increasing contract visibility of upcoming payment milestones for finance
Minimizing change controls and amendments by incorporating typical scope revisions into standard templates
We look at real customer implementation stories and hold an interactive Q&A to show how your organization can achieve a considerable ROI on an ECLM solution.
The Data Management challenges each organization faces are unique in their priority and severity. Therefore the structure and composition of a Data Organization is one of the major success factors for establishing a successful and sustainable data program. In this presentation, we will review the developmental stages of a data organization, the models and the choices for establishing the right structure to the organization in addition to the process for selecting the team members that will produce high-performance business results.
Unlocking Success in the 3 Stages of Master Data ManagementPerficient, Inc.
Master data management (MDM) comprises the processes, governance, policies, standards and tools that define and manage critical data. MDM is used to conduct strategic initiatives such as customer 360, product excellence and operational efficiency.
The quality of enterprise Information depends on the master data, so getting it right should be a high priority. This webinar will highlight key factors needed for success in each of the three stages of the MDM journey:
Planning
Implementation
Steady state
We review each stage in detail and provide insight into planning and collaborative activities. In this slideshare you will learn:
Best practices, tips and techniques for a successful MDM program
Top considerations for business case building, architecture and going live
How to support the overall program after launching your MDM program
Operational Risk Management Data Validation ArchitectureAlan McSweeney
This describes a structured approach to validating data used to construct and use an operational risk model. It details an integrated approach to operational risk data involving three components:
1. Using the Open Group FAIR (Factor Analysis of Information Risk) risk taxonomy to create a risk data model that reflects the required data needed to assess operational risk
2. Using the DMBOK model to define a risk data capability framework to assess the quality and accuracy of risk data
3. Applying standard fault analysis approaches - Fault Tree Analysis (FTA) and Failure Mode and Effect Analysis (FMEA) - to the risk data capability framework to understand the possible causes of risk data failures within the risk model definition, operation and use
“The organizing logic for business processes and IT infrastructure reflecting the integration and standardization requirements of the firm’s operating model.” [1]
“A conceptual blueprint that defines the structure and operation of an organization. The intent of an enterprise architecture is to determine how an organization can most effectively achieve its current and future objectives.”[2]
Superb high level presentation of the capabilities of the IBM software portfolio. From information, collaboration, integration, optimisation to security, compliance and innovation.
Akili offers an end to end approach to oil and gas upstream data management which includes: data strategy, governance, sustainability, Master Well Data Structure, system integration, system synchronization and data harmony.
Akili leverages best practices from PPDM (Professional Petroleum Data Management Group and applies our experiences leveraging the PPDM models with other companies.
Meaningful Use and Security Risk AnalysisEvan Francen
Presentation delivered by FRSecure president, Evan Francen to the 100+ Iowa CPSI User Group attendees on October 18th, 2011.
Meaningful Use Core Requirement "Security Risk Analysis"
Presentation från GRC 2014 den 15 maj. Kontakta gärna talaren om du har några frågor. Hela schemat för eventet hittar du här: http://www.transcendentgroup.com/sv/har-har-du-hela-schemat-for-grc-2014/
Vendor or supplier risk management is an evolving discipline in operations management for manufacturers, retailers, financial services companies and government sector where the organization is highly dependent on vendors to achieve business objectives. Outsourcing, globalization, lean supply chain initiatives and supplier rationalization have contributed to a highly fragmented model, where control is often several steps removed from the corporation. While these models have allowed companies to reduce overall costs and expand quickly into new markets, they also expose the company to the risk of a vendor suddenly going bankrupt, closing operations or being acquired ,resulting in delivery disruptions, business continuity challenges leading to poor servicing to end user requirements.
In order to overcome outsourcing industry risk challenges & provide comprehensive vendor risk management solutions spanning industry sectors to enterprises, we’re pleased to launch our Vendor Risk Management services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
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Every day, modern enterprises face significant risk concerns. Consider the potential
impact of business disruption, technology breaches, and workforce safety issues, as
well as disconnected tools/systems/processes, productivity issues, and brand and
reputation damage. Other risks are ones that can’t be controlled as easily, including
extreme weather, the ever-growing cost associated with the number of global
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previously didn’t seem that likely, but we’ve all experienced how that can change.
These concerns are present for every department across the enterprise. They impact
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address risks and meet compliance mandates. Today, these programs are even
more critical as enterprises around the world embrace digital transformation and
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access digital services and processes, but these seamless experiences also bring
increased risks.
Outdated GRC practices and solutions
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front-line employees, and they place a heavy burden on risk and compliance teams.
Neither the tools nor the teams can keep up. Right now, typically every department
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around. Compliance teams are forced to use manual, outdated, and inconsistent risk
management and compliance practices that don’t provide a real-time, overall view of
risk across the business
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To arrange for a demo of SOX and SoD compliance software for your ERP system, send an e-mail to info@i-app.com or call Performa Apps CEO Dan Aldridge at 703.251.4504.
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Types of migration tools, including APIs, ETL tools, and adapters
Approximate timelines and costs associated with each migration method
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• Why is Project Cortex different than other knowledge network projects previously introduced?
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https://arxiv.org/abs/2306.08302
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How to Drive Value from Operational Risk Data - Part 2
1. HOW TO DRIVE VALUE FROM
OPERATIONAL RISK DATA
JANUARY 29, 2015
2. 2
ABOUT PERFICIENT
Perficient is a leading information
technology consulting firm serving
clients throughout North America.
We help clients implement business-driven technology
solutions that integrate business processes, improve
worker productivity, increase customer loyalty and create
a more agile enterprise to better respond to new
business opportunities.
3. 3
GlobalDeliveryCenters/OffshoreDelivery
Deep Financial Services Domain Expertise
Enterprise
Information Solutions
Finance
Enterprise Insights
Portal
Web Content
Social Solutions
SOA
Cloud
API Solutions
Company Wide Practices
Deep Financial Services Domain Expertise
BANKING
Wholesale
Consumer
Credit Unions
Payment Processing
Trust & Custody
Trade Services
Treasury Services
ASSET & WEALTH
MANAGEMENT
Equities & Fixed Income
SMA & Wrap
Hedge Funds
OMS & EMS
Portfolio Modeling
Portfolio Accounting
CAPITAL
MARKETS
Equities & Fixed Income
FX & Commodities
Future & Options
Electronic Trading
INSURANCE
Investments
Customer Acquisition
Property & Casualty
Life Annuities Services
Claims Evaluation
Underwriting
Consumer Direct
Business/
Technology Solution
Rationalization
and Delivery
Business Process
Improvement
Program Value,
Quality and
Cost Management
Client
Centricity
Risk and Regulatory
Compliance
Finance
Transformation
Solutions & Services
INDUSTRY DRIVEN SOLUTIONS
4. 4
ABOUT THE SPEAKER
Richard Brownstein, Director of Risk and Compliance, Perficient
Rich leads Risk and Compliance in Perficient’s Financial Services national
practice. He has more than 20 years of experience working for and with large
financial institutions in the areas of operational risk management, legal and
compliance, IT governance, and project portfolio management. He has a deep
understanding of industry challenges and best practices. Rich has a proven
track record leading strategic business, product and technology initiatives to
minimize risk and maximize effectiveness and efficiency for organizations.
5. 5
WHAT WE WANT TO TALK ABOUT TODAY
• Introduction
• Drivers and Goals of Operational Risk
• Risk Identification
• How to Capture, Collate and Aggregate Data
• Leveraging Risk Intelligence
6. 6
POV: DEFINING OPERATIONAL RISK
Basel Committee on Banking Supervision
• Operational risk is the risk of loss resulting from
inadequate or failed internal processes, people
and systems or from external events – and is
embedded in every FI products, activities,
processes, and systems
Executive Level
• Enables management transparency to identify
the exceptional blind spots and set strategy
within risk parameters
Department Level
• At the 2nd line of defense, operational risk serves
as an independent voice in proactive process
and control improvement
• Although often viewed as another assurance
requirement, periodic audit and incident tracker
7. 7
ORGANIZATIONAL
BENEFITS
HIGH FUNCTIONING OP RISK
• Drives management awareness of the
business environment, controls and areas
requiring improvement – weak controls
unattended may result in losses, fines,
legal fees and regulatory actions
• Results in stronger manual or automated
controls allowing management to increase
investment and volume expectations due
to stabile operational capacity
• Leads to lower costs, stronger credit
rating and lower cost of capital; lower
Basel Operational Risk charges drives
profits
• Stronger risk measurement and
management may reduce frequency and
impact of negative news and reputational
impacts
8. 8
MANAGERIAL
BENEFITS
HIGH FUNCTIONING OP RISK
• Obtain timely, accurate and complete
information and also up-to-date
information in time of crisis
• Focus on matters of most importance to
the organization and strategically allocate
or re-allocate resources
• Monitor the risks associated with the
strategic goals of the organization and to
address early, significant signs of
deteriorations
• Structured information providing focus on
key risks
• NOT bureaucratic process and paperwork
9. 9
RISK MANAGEMENT DATA FLOW
Top Down
From senior management perspectives:
• Enterprise wide risk assessment
• Enterprise wide risks; Top 5-10
Risks / Hot Topics
• Risks aligned with enterprise
strategic goal. Balance risk, even
take risk and reward optimally to
steer the company
• Board approved Risk Charter
Bottom Up
From the business perspectives:
• Comprehensive assessment and
identification of top risk in each
business area
• Risk identifications is made by the
business or functional owner who
may have line of sight to the
process or influence to control
• Risks are specific to a business area
- risk owner and process owner
may be different.
Management Involvement
Surface Information
11. 11
WHAT IS A RISK ASSESSMENT?
RESULTS PROCESSES CHALLENGES
Identifies Inherent Risk Gives big picture to senior
management
Lack of knowledge of firm’s vulnerability
by senior management and personnel
Tabulates Controls Identifies policies, procedures,
processes, key operating procedures
Lack of knowledge about control and
firm processes
Catalogs Residual Risk Identifies areas requiring attention Lack of knowledge of risk associated
with each business
Manages resources to
focus on top control
Issues
Identifies areas requiring most
attention
Lack of knowledge of gaps in policies,
procedures and processes
Allow risk taking within
capacity
Identifies areas of opportunity and
growth
Business is not taking full advantage of
existing platform, technology and
expertise
12. 12
• Each Inherent Risk or regulatory
rule is evaluated for each
business activity or transaction.
• Each regulatory rule has one or
more controls, perhaps
registered in the control library.
Each control is evaluated for its
design and operating
effectiveness. The resulting
score is the Residual Risk.
• Assessment, findings, action
items logged into GRC tools
ASSESSMENT PRINCIPLES
13. 13
RISK ASSESSMENT ARCHITECTURE
BUSINESS CHALLENGE:
Senior management and key
personnel were not fully aware of the
firm’s top risks
Key personnel were not fully trained
in the risk assessment process
Key personnel were not fully aware
of the risks within their businesses
Key personnel were not fully aware
of rules, regulations and best
practices impacting their businesses
The data from the firm’s GRC was
not managed properly resulting in an
attempt to managed data through
multiple excel spreadsheets
SOLUTION AND SERVICES:
Perficient met with risk, compliance and
businesses to understand products and
services offered, overall process and
management of GRC tool.
Perficient created an inventory
questionnaire together with senior
management to help business heads
catalog products and services offered
Perficient created a regulatory matrix
control and together with senior
management identify the regulations
and requirements for each business
Perficient created regulatory and
processes questionnaires similar to
information used by auditors or
examiners
Perficient worked with GRC vendor to
facilitate that the GRC tool to support
the risk assessment process
RESULTS:
Senior management and key
personnel became aware of all
products and services offered
within the firm
Key personnel and management
became aware of rules, regulations
and the requirements impacting
their businesses
Personnel identified controls
within their businesses and
identified related gaps
Personnel becomes more
knowledgeable in the processes
used by auditors and examiners
Client is working towards ensuring
all data and reports on risk
assessment are management
through one source data derived
from the GRC
14. 14
SOURCES OF OPERATIONAL RISK DATA
Bottom Up – Experiences in the department or field
Periodic RCSA or Business Operating Reviews
• Performed in different ways, as a questionnaire or discussion based, the business
owner and support partners (1st LOD) inventory risks, score controls resulting in key
control issues
• Aggregating KRIs drive organizational priorities
Key Risk Indicators
• Data driven measures, metrics, exceptional breaches drives response
• Metrics that matter rather than binders of data
Incidents and Lessons Learned (internal and external)
• Policy mandated loss and near-miss capture allows for frequency X impact analysis
• Scenario analysis and read-across to similar processes +ROI
• IT help desk – users log near-misses and manual workarounds
Top Down
• Strategic plans / budgets inform 1st LOD where to set capacity
• Emerging risks – industry, regulatory, political, economic, social, technology
15. 15
LEVERAGING
OPRISK DATA
Bottom Up
• Transparency of Blind Spots; Action
Priority - risk identification, quality of
controls (design/effectiveness) and residual
risk
• Budget - Priority projects; allocation of
shared service projects
• Patterns/Trends – determine correlation
drivers (volume, seasonality)
• Incidents – Improves scenario & stress
analysis
• Loss Data – input for Basel models
• GRC Data – aggregate findings from risk,
compliance, audit, regulators sets roadmap
Top Down
• Risk Appetite / Risk Tolerance – Capacity
to take on more risk
• Regulatory Attestations
16. 16
AGGREGATING
RISK DATA
• Governance refers to the enterprise
consolidated, integrated view
• Applies to business rules and limits that
are not department, LOB or product
specific, or in a silo
• Promotes visibility, transparency and
data reuse for each area of assurance
(risk compliance & audit) across the
enterprise
• Tools enable Business Intelligence (BI) –
integrate diverse and disparate data
sources Dashboards
• Historical measures lead to risk
aggregated lead to Predictive BI
Leverage tools and Structured Data to
drive +ROI and Risk Intelligence
DRIVES RISK INTELLIGENCE
17. 17
UNSTRUCTURED & STRUCTURED DATA
Structured Data
Enhance Aggregate Interpret Score with Risk Analytics
Unstructured Data
Collect Interpret Score
18. 18
ORM OFFICE STRUCTURE
Front Office
Local Control Officer
• Located with and has deep
business & function SME
• Assess and analyze business
and regulatory risks/controls
• 2nd LOD – earned seat at the
table
Middle Office
Risk Infrastructure
• Sets or executes risk policies
& procedures and taxonomy
• Interacts with assurance
groups (Compliance & Audit)
• Prepares/Leads Risk
Committee
• Reputation as an OpRisk
SME
Back Office
Risk Operations
• Expert users in GRC tools
adding leverage to risk
FO+MO for desk exams and
MI reporting. Drives risk
transparency and auditability
• Potentially training center for
Risk or broader organization
• Potential near-shore location
To build a high-performing risk organization, the target operating model will be best-in-
class over time. Each segment and job function must be fit for purpose.
• Assess current operating processes and leading practices to improve mandates,
policies, procedures, people, process, technology, SLA and metrics
• Rather than a homogeneous risk function – each function’s roles and reputation
will become focused, specialized and drive expertise
19. 19
ENTERPRISE RISK MANAGEMENT ADOPTION
• Engagement from the 1st Line of Defense
is a key to success for adoption
• Steps to improve engagement vary
based on culture. Other success factors
are:
- Consistent processes and standards
- Interaction and monitoring from the
ERM Office
- Mandate or tone-from-the-top
• Key steps in aiding the BU owner’s
adoption of an effective risk assessment
program:
- Developing policies and procedures
- Communicating broader delivery
expectations and framework
- Training executives and staff
Identify Key
Risks &
Gaps
Set Policy &
Procedure
Communicate
to LOB
Communicate
Timeline &
Framework
Educate LOB
“How To”
Perform Risk
Assessment
Drive
Interaction
through ERM
Framework
Monitor &
Evaluate
Results
Adjust
Process
Repeat ERM
for New
Cycle
TuneExecution
20. 20
STRATEGY &
CULTURE
• Risk tolerance/thresholds
- Qualitative/quantitative
• Risk appetite for each category
- Linked to strategy
• Risk culture
• Impact of not linking: market cap
more often declines due to flawed
strategic decision rather than OpRisk
• Assurance groups don’t focus on or
link strategy
21. 21
GOVERNANCE
• Policies
• Committees – Risk Charter
• Roles and responsibilities
• BU risk liaison
- Independent and in CRO org
• Talent and training
• ORM ERM (correlation of risk
categories)
• Review and ensure risk
tolerance and appetite aligns
with enterprise strategies and
visions
22. 22
StrategySettingProcess
Board / Senior Management
Risk Committee
Risk Appetite Risk Capacity
aEmerging Risks Risk RegisterRegulatory MRA
ORM Office – 2nd Line of Defense
Risk ID Internal Incidents RCSAs
Key Risk
Indicators
Risk Register
ROLE-BASED CONSIDERATIONS
aExternal Incidents
Top Risk Themes/
Scenarios
BU – 1st Line of Defense
TopRiskIDRiskAppetiteRiskCapacityNBILimitSettingCapacity
Risk RegisterOperating Plan /
Budget
Strategic Plan
18-24MonthsTimetoExecute3Months
23. 23
RISK CONTROLS ANALYSIS
BUSINESS CHALLENGE:
US Super Regional subsidiary of a
global bank established a priority to
update all operational process,
procedure, and internal operational
and regulatory control
documentation for the consumer
banking lines of business.
Regulators required the bank to
achieve a strong level of risk
management practices for all lines
of business.
SOLUTION AND SERVICES:
Perficient reviewed existing
operational procedures and risk
control libraries.
Conducted interviews and work
sessions with key business
stakeholders across 16 consumer
banking business units to analyze,
achieve consensus and document all
core business processes across the
lines of business.
Developed process maps for more
than 100 core business process and
their associated sub-processes.
Working with risk managers,
reviewed contents of risk control
libraries, mapped relevant risk
controls to core processes, identified
control and developed
recommendations for updated
controls.
Interfaced with enterprise risk
assessment to develop end-to-end
product risk assessments utilizing
process maps and risk controls
analysis deliverables.
RESULTS:
Implemented a multi-track effort
with key business and risk
management stakeholders to
analyze and document core
business processes across the
entire Consumer Banking group
distribution and lending business
units.
Delivered a robust and
maintainable business process
analysis and mapping document
incorporating operational and
compliance controls mapped to
process activities.
Reviewed existing risk controls
library and identified regulatory
and operational control gaps for
more than 100 core processes
and several hundred sub-
processes across consumer
banking.
24. 24
RISK
CLASSIFICATION
• Legal and Compliance
• Fraud (Internal / External)
• Execution, Delivery and Process
• Products and Business Practice
• Third Party, Vendor, Counterparty
• Strategic / Policy
• Financial
• Service Delivery or Operational
• Employment Practice, Workplace Safety
• IT, Business Disruption
• Privacy / Security
• Environmental Factors / External
FOR FINANCIAL FIRMS & INSURERS
25. 25
PROTOCOLS &
TAXONOMY
• Develop comprehensive dictionary of risks
• Use same language for similar processes
• Use consistent approaches for risks
identification, responses and escalations
• Apply critical thinking
• Ask for data once > Reuse
• Use technology (GRC tool) to capture and
aggregate risks
26. 26
CONTROLS
• Process mapping/Control libraries
• Risk identification and recognition
• Key risk indicators (KRIs)
• Risk assessment
• Risk monitoring
• Loss data capturing and reporting
28. 28
OPTIMIZING ORM PROCESSES
Identification, categorization and prioritization results:
• Prioritizes/escalates high-frequency/high-impact operational risk events to
management or the Board while alerting BU of mid/low risk events
• Take preventative measure to timely correct deficiencies
• Recognize trends and emerging risks and take action
• Aggregate operational risk losses for reporting
• Loss data serves as input for capital planning and the CCAR (Comprehensive
Capital Analysis Review) process
29. 29
WHAT ARE REGULATORS LOOKING FOR?
Board of Directors directives are effective and are being followed:
• Senior management must ensure that adequate policies, processes, procedures including
technology are in place to support the enterprise risk appetite of the firm
• Senior management needs to ensure businesses are managed by staff with experience
and knowledge about their area of responsibility
• Senior management must remain flexible to respond to competition and innovation in the
industry (affecting their businesses)
• Senior management must ensure new business, new markets are fully reviewed and risks
and potential risks are identified and controls are put in place prior to commencing
business
• Senior management must aggregate all major risk and report these risks periodically to the
Board of Directors
30. 30
• Bubble-up risks / “metrics that matter” to provide the Board/RiskCo with a jump-off point
• Link strategy to risk and risk to strategy Pressure test strategic plan
• Board and delegated RiskCo must drive Risk and Strategy discussion
• Structured risk data provides insight to reverse slow decision making and risk aversion
• Drive Integrated Assurance not stand-alone risk, compliance, and audit
• GRC tool and taxonomy can unify risk appetite across the business
• Process mapping codifies decision making framework rather than rely only on individual
judgment for BAU activity
• Operational risk can manage risk, not prevent risk